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The fashionable Marylebone High Street, which Mary Portas said lay behind her plan to revitalise Britain’s ailing high street shops, has helped its owner to record a sharp rise in profits.

Howard de Walden Estates, the family property empire that traces its history back to the Domesday Book in 1086, has reported a pre-tax rise in profits of more than 20 per cent.

The landed estate, which owns 90 acres of the Marylebone district in Central London, said in its latest accounts that profits had jumped from £32.1 million to £40.5 million. The surge was led by a large increase